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USDA improves forecast for corn exports from Ukraine to 25 million T



Consulting Agency


The U.S. Department of Agriculture (USDA) in September improved its forecast for corn exports from Ukraine in the 2018/2019 marketing year (MY, July-June) by 500,000 tonnes compared with the August forecast, to 25 million tonnes. According to a report on the website of the U.S. department, the forecast for corn harvest for 2018 has been maintained at the level of 31 million tonnes.

The USDA also kept the forecast for wheat exports from Ukraine in the 2018/2019 MY at the level of 16.5 million tonnes with the yield standing at 25.5 million tonnes, which corresponds to the figures released in August.

In general, the U.S. agency downgraded its forecast for grain harvest in Ukraine by 400,000 tonnes, to 65.2 million tonnes, raised that for exports by 300,000 tonnes, to 45.96 million tonnes.

As reported, the Ministry of Agrarian Policy and Food of Ukraine predicts the increase in grain harvest in 2018 by 1.1 million tonnes compared to the previous year, to 63.1 million tonnes. Grain exports in the 2018/2019 marketing year are projected to be 42 million tonnes.


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